Texas No Tax Due 2024. There were five types of entities eligible to file a no tax due report. The “no tax due” threshold for texas franchise tax has been raised substantially—from $1,230,000 to $2,470,000.
Senate bill (“sb”) 3 made several changes to texas’ no tax due reporting scheme effective for reports originally due on or after january 1, 2024. Texas has increased the “no tax due” revenue threshold for the texas franchise tax to $2.47 million and eliminated the requirement to file a no tax due.